Meme coins Speedy and ApeCoin have recently experienced a significant surge in their prices, with both coins seeing an increase of over 100% in the past 24 hours. Speedy (SPEEDY), a meme coin launched on the Fantom blockchain by The GOAT Foundation, has been one of the top gainers on CoinGecko recently. The team behind Speedy, led by blockchain expert Gonzales Spidorius as the CIO, witnessed the token’s value spike by over 150%, reaching an all-time high of around $0.03346.
On the other hand, ApeCoin (APE) also saw a substantial increase of 105.0%, with the coin trading between $0.7393 and $1.66 in the past 24 hours. A closer look at the last seven days shows that ApeCoin has surged from a low of $0.6981 to $1.57.
The surge in Speedy’s price has caught the attention of crypto observer Ben Crypto, who noted the rapid growth of the coin over a short period. According to Ben Crypto, investing in coins with $1 million market caps that have been trading for at least a week can yield significant returns with minimal downside risks.
As for ApeCoin, the bullish momentum can be attributed to the launch of ApeChain, a new Layer-3 blockchain. The ApeCoin X account announced the launch of ApeChain, which offers features such as earning native yield on APE, ETH, and stablecoins by holding ApeCoin on the platform. The team also revealed that memes on ApeChain have surged by over 12,000%.
While ApeCoin had experienced a downward trend in the second half of 2024, the recent launch of ApeChain has helped the coin recover and reach levels above $1.50. The future performance of ApeCoin will depend on its ability to sustain this level in the coming days.
ApeCoin, the native cryptocurrency of the Bored Ape Yacht Club NFT collection, was launched in March 2022 by Yuga Labs. Governed by the ApeCoin DAO, holders of the coin have the opportunity to vote on the ecosystem’s direction, adding a layer of community involvement to the project.
